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Scientific Research and Experimental Development which is actually a program by the government which is meant to encourage businesses to conduct SR&ED that will lead to new, improved, or technologically advanced services, products or processes by giving such companies a tax refund pursuant to the said undertaking and provided that certain requirements are complied with.

There is also a prevalent problem on how to delineate those projects from non-eligible with eligible tax refundable business activities. Hence, it is precisely for this reason why there are a number of Sr&Ed consulting firms out there that had sprung out to help out these companies in determining and assessing SR&Ed activities which the company has been involved. This consulting process will enable the company to prepare a more effective technical report for SR&ED Tax Credit submissions.

The advantage of employing an SR&ED consulting firm would help a company in saving more money. Through such firms, the company will gain valuable insight on matters that needs to be change in order to comply with the requirement of the law. They are comprised of experts especially experienced and knowledgeable on the field. Thus, you can be rest assured that you will be able to maximize your profit while at the same time lessen the impact of unnecessary expenses in your company’s operation.